SALE & LEASE BACK (ALCAMPO)

Description

Sale & lease back transaction of the Alcampo hypermarket in the La Vega shopping centre in Alcobendas (Madrid), one of the highest-income municipalities in the Madrid metropolitan area, to the north of the capital. Only the ground floor of the hypermarket, measuring 11,397 m², is for sale, recently refurbished and featuring the brand's new image. The hypermarket occupied two floors, which Alcampo is reducing to one, so the upper floor is being marketed in a separate process. Alcampo is a French operator ranked in the top 5 at European and Spanish level. The asset generates a net operating income (NOI) of €850,000 per year, with a yield of 6%. The proposal is for Alcampo to take on all costs, management and representation within the shopping centre structure, so that the investor has nothing to deal with. An investment product with a top-tier tenant and fully delegated management.